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Thursday, 30 April 09
SAN MIGUEL IN TALKS TO BUY STAKE IN ADARO - REUTERS
San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy , Indonesia's largest coal producer by market value, the Philippine conglomerate's president said on Wednesday.
It will be the second time that San Miguel has attempted to buy a stake in an Indonesian coal firm, after earlier talks to take a majority stake in the Southeast Asian country's top miner PT Bumi Resources fizzled out.
"Yes, in talks with Goldman," San Miguel president Ramon Ang told Reuters when asked if Southeast Asia's biggest food and beverage firm was among possible buyers of the stake up for sale in Adaro.
Ang declined to say how big a stake San Miguel plans to buy.
Goldman Sachs, Citigroup and hedge fund Farallon were looking to sell around 17 percent of Adaro Energy to strategic investors, sources told Reuters earlier this month.
The sale was expected after a lockup period ended in March for financial sponsors, which included the three financial groups, which had participated in Adaro's $1.3 billion initial public offering last year, analysts had said.
Goldman Sachs, with a 9.94 percent stake in Adaro, is coordinating the sale of the shares, one source with direct knowledge of the matter said two weeks ago.
Goldman Sachs was adviser to San Miguel in the Manila-based conglomerate's ambitious diversification plan, which resulted in San Miguel's purchase of 27 percent of utility Manila Electric Co last year, a planned telecommunications venture, and a pending purchase of majority of oil refiner Petron Corp.
San Miguel is diversifying away from its traditional food and beverage business to fuel future growth.
Analysts said investors may want to sell out of Adaro given the uncertainty over coal prices amid an economic downturn.
Source: http://in.reuters.com/article/innovationNews/idINTRE53S47R20090429?sp=true
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Thursday, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...
Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...
Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...
Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...
Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011.
China was a largest importer of Indonesi ...
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- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- London Commodity Brokers - England
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Australian Coal Association
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
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